Drum roll please….
To prevent that, watchdogs around the world are keeping an eye on big banks that are “too big to fail.”
The G20 just put out its latest ranking of banks that could cause a lot of damage.
At the top of the list are two firms: JPMorgan Chase () and HSBC( ).
The G20 calls JPMorgan and HSBC the most “systemically important banks” in the world. That’s another way of saying “too big to fail.”
It means they are not only big, but they do a lot of business around the globe.